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Journal of Energy in Southern Africa
On-line version ISSN 2413-3051
Print version ISSN 1021-447X
Abstract
NKOMO, Jabavu Clifford. Energy security and liquid fuels in South Africa. J. energy South. Afr. [online]. 2009, vol.20, n.1, pp.20-24. ISSN 2413-3051.
South Africa relies heavily on imported crude oil. Domestic sources and available substitutes alone cannot satisfy the country's current demand, resulting in imported crude oil accounting for over 90% of South Africa's requirements. This high level of dependence on imported crude oil exposes the economy to potential events that either interrupts supplies or leads to higher oil prices thereby undermining economic growth and development. Widening diversity of supply, demand-side measures and maintaining strategic inventories will strengthen energy security.
Keywords : vulnerability; security; dependence; diversification.